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April 7, 2019, 10:59 p.m. EDT

Asia stocks start off Monday by adding to solid gains of previous week

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By MarketWatch, MarketWatch


Bloomberg News
Commercial buildings stand illuminated at dusk in Hong Kong.

Stock markets in Asia were forging higher Monday morning, building on solid gains the previous week as hopes for a U.S.-China trade continue to rise.

Chinese stocks were among the top performers in the region with the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.96%   ahead nearly 1%, with large caps again leading the way. They’re up more than 1% after the broader market jumped some 5% to start April. Shenzhen /zigman2/quotes/210598015/delayed CN:399106 -0.81%   benchmarks are trailing, with the Composite Index up 0.8% and the startup-heavy ChiNext just 0.1% higher.

Alcohol maker Moutai /zigman2/quotes/208743311/delayed CN:600519 -0.63%   hit record highs after its 1Q update while peer /zigman2/quotes/200345064/delayed CN:600779 +0.07%  umps 6.5% as Diageo /zigman2/quotes/208129584/composite DEO +0.96%  builds its stake. Meanwhile, petrochemical stocks are sharply higher, boosted by a sector-wide crackdown amid a recent accident.

Hong Kong stocks were rising at a more moderate pace. The Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -1.81%   was up 0.3% while the China Enterprises Index /zigman2/quotes/210598031/delayed CN:160462 -2.05%  is 0.9% higher. Insurers have started well, with Ping An /zigman2/quotes/202773380/delayed CN:601318 -1.13%   up more than 1.5% and at fresh record highs while AIA /zigman2/quotes/203565558/delayed HK:1299 -1.54%  has climbed some 1.25%. Developers Country Garden and China Overseas Land are up some 1.5%, as is internet heavyweight Tencent /zigman2/quotes/204605823/delayed HK:700 -3.09%  . And oil major CNOOC /zigman2/quotes/203421416/delayed HK:883 -2.27%  has climbed 2% as crude prices continue to hit 5-month highs

Two notable exceptions to the winners were New Zealand and Singapore. The former /zigman2/quotes/211587880/delayed NZ:NZ50GR +0.48%  is set for a 4-day losing streak after a run of record highs, while /zigman2/quotes/210597985/delayed SG:STI -0.67%  enchmark is also down about 0.25% after 7-straight gains.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +1.30%  , meanwhile, is little changed amid morning strength in the yen. Elsewhere, there are gains of about 0.5% in Australia and Taiwan, which had a 4-day weekend, is outperforming with the Taiex maintaining a 0.8% advance. S&P 500 futures have eased to session lows after Friday’s gains and are down 0.1%.

This story was compiled from Dow Jones Newswires reports.

/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,429.54
-33.22 -0.96%
Volume: 31.93B
May 13, 2021 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,253.30
-18.51 -0.81%
Volume: 37.52B
May 13, 2021 3:00p
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/zigman2/quotes/208743311/delayed
CN : China: Shanghai
¥ 1,971.50
-12.50 -0.63%
Volume: 2.51M
May 13, 2021 3:00p
P/E Ratio
53.04
Dividend Yield
0.98%
Market Cap
¥2492.30 billion
Rev. per Employee
¥2.90M
loading...
/zigman2/quotes/200345064/delayed
CN : China: Shanghai
¥ 101.37
+0.07 +0.07%
Volume: 5.61M
May 13, 2021 3:00p
P/E Ratio
51.56
Dividend Yield
1.18%
Market Cap
¥49.45 billion
Rev. per Employee
¥2.02M
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/zigman2/quotes/208129584/composite
US : U.S.: NYSE
$ 186.34
+1.77 +0.96%
Volume: 344,942
May 13, 2021 4:00p
P/E Ratio
73.41
Dividend Yield
1.90%
Market Cap
$108.71 billion
Rev. per Employee
$532,469
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
27,718.67
-512.37 -1.81%
Volume: 2.17M
May 13, 2021 4:08p
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/zigman2/quotes/210598031/delayed
CN : Hong Kong Exchange
10,339.99
-216.58 -2.05%
Volume: 0.00
May 13, 2021 4:08p
loading...
/zigman2/quotes/202773380/delayed
CN : China: Shanghai
¥ 69.14
-0.79 -1.13%
Volume: 50.64M
May 13, 2021 3:00p
P/E Ratio
10.25
Dividend Yield
3.18%
Market Cap
¥1252.42 billion
Rev. per Employee
¥3.54M
loading...
/zigman2/quotes/203565558/delayed
HK : Hong Kong
HK$ 96.15
-1.50 -1.54%
Volume: 18.94M
May 13, 2021 4:08p
P/E Ratio
25.92
Dividend Yield
1.41%
Market Cap
HK$1178.41 billion
Rev. per Employee
HK$14.37M
loading...
/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 580.00
-18.50 -3.09%
Volume: 17.98M
May 13, 2021 4:08p
P/E Ratio
31.04
Dividend Yield
0.28%
Market Cap
HK$5693.87 billion
Rev. per Employee
HK$10.55M
loading...
/zigman2/quotes/203421416/delayed
HK : Hong Kong
HK$ 8.63
-0.20 -2.27%
Volume: 95.66M
May 13, 2021 4:08p
P/E Ratio
13.70
Dividend Yield
5.21%
Market Cap
HK$394.24 billion
Rev. per Employee
HK$9.51M
loading...
/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
12,487.24
+59.12 +0.48%
Volume: 0.00
May 14, 2021 12:04p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,123.26
-21.01 -0.67%
Volume: 0.00
May 12, 2021 5:20p
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/zigman2/quotes/210597971/delayed
JP : Nikkei
27,804.75
+356.74 +1.30%
Volume: 0.00
May 14, 2021 9:04a
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